Search results for: Hercules Resilience jack-up

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  • 14 December 2013

    Keppel FELS Limited (Keppel FELS) has delivered to Hercules Offshore, Inc. , their second harsh environment KFELS Super A Class jackup rig. The rig was named Hercules Resilience at a ceremony today after it was officially delivered on 30 November 2013, 45 days ahead of schedule, on budget and with a perfect safety record. The first KFELS Super A […]

  • 30 June 2014
    Business & Finance

    OSM Congo has secured a contract to supply crew management services for Discovery Offshore (Gibraltar) Limited’s offshore jack-up rig, the Hercules Resilience.

  • 5 December 2016
    Business & Finance, Exploration & Production

    Drilling contractor Hercules Offshore has sold two of its jack-up drilling rigs for a total of $130 million.  Hercules British Offshore, a subsidiary of Hercules Offshore, on Friday, December 2 entered into an agreement with Magni Drilling for the sale of two, 2013-built, jack-up drilling rigs, Hercules Triumph and Hercules Resilience. Hercules said on Friday that […]

  • 31 January 2017
    Exploration & Production

    U.S.-based, bankrupt offshore driller, Hercules Offshore, has sold its fleet of thirteen Gulf of Mexico rigs for a little over $22 million.   After emerging from bankruptcy in November 2015, the driller filed for bankruptcy protection again in June 2016. Under the plan, all Hercules’ assets were marketed for sale with plans to place those […]

  • 15 December 2013
    Business & Finance

    Keppel FELS Limited (Keppel FELS) has delivered to Hercules Offshore, Inc. (Hercules Offshore), their second harsh environment KFELS Super A Class jackup rig. The rig was named Hercules Resilience at a ceremony today after it was officially delivered on 30 November 2013, 45 days ahead of schedule, on budget and with a perfect safety record. […]

  • 16 December 2013

    Keppel FELS Limited (Keppel FELS) has delivered to Hercules Offshore, Inc. their second harsh environment KFELS Super A Class jackup rig. The rig was named Hercules Resilience at a ceremony today after it was officially delivered on 30 November 2013, 45 days ahead of schedule, on budget and with a perfect safety record. The first […]

  • 30 January 2017
    Exploration & Production

    Norwegian offshore drilling contractor Borr Drilling, formerly known as Magni Drilling, has taken delivery of two jack-up drilling rigs from the bankrupt drilling contractor, Hercules Offshore.   Borr announced the delivery of two rigs last Tuesday, January 24. The jack-up rigs were renamed Frigg, formerly Hercules Resilience, and the Ran, formerly Hercules Triumph. The rigs are […]

  • 23 April 2014
    Business & Finance

    Hercules Offshore, Inc. today reported income from continuing operations of $19.9 million, or $0.12 per diluted share, on revenue of $256.7 million for the first quarter 2014, compared to income from continuing operations of $40.3 million, or $0.25 per diluted share, on revenue of $186.2 million for the first quarter 2013. First quarter 2014 results […]

  • 3 September 2013
    Business & Finance

    Hercules Offshore announced that it has signed a contract with Cairn India Limited for use of the Hercules Triumph (formerly Discovery Triumph) in the Indian Ocean. Total contract value is approximately $36.6 million, which includes approximately $13 million of mobilization and demobilization fees, to be earned over an estimated 110 days. Contract commencement is expected […]

  • 25 July 2017
    Business & Finance, Exploration & Production

    Houston-based oil and gas company W&T Offshore has contracted a jack-up rig previously owned by the bankrupt driller Hercules Offshore to drill the South Timbalier 224 (ST 224) gas/condensate prospect in the U.S. Gulf of Mexico.  W&T Offshore is the operator of the license with a 39 percent stake. Its now partner Otto farmed into the […]

  • 27 May 2016
    Business & Finance, Exploration & Production

    Danish driller Maersk Drilling has acquired a newbuild harsh environment jack-up rig from its distressed rival Hercules Offshore. What is more, the rig comes with a five-year drilling contract in the North Sea. The company has signed a definitive agreement to acquire the newbuild harsh environment jack-up rig, formerly named Hercules Highlander, from a subsidiary of […]

  • 1 May 2015
    Exploration & Production

    Hercules Offshore, a U.S.-based offshore drilling contractor has received a notice from Saudi Aramco extending the previously announced termination date for one of its jack-up rigs. The termination for the Hercules 261 unit has now been postponed to May 31, 2015. “As previously disclosed, we are in the process of seeking a basis for continuing the […]

  • 25 November 2015
    Business & Finance, Exploration & Production

    U.S. offshore drilling contractor Hercules Offshore has informed that one of its drilling rigs has started working for Renaissance Offshore, an oil and energy company based in Houston, Texas.  According to Hercules’ latest fleet status report on Tuesday, the Hercules 205 jack-up rig started working for Renaissance on November 2, 2015 in the U.S. Gulf of Mexico. The rig is […]

  • 29 April 2015

    U.S. offshore drilling contractor Hercules Offshore has reported a net loss of $57 million for the first quarter 2015, compared to net income of $19.9 million realized in the corresponding quarter of 2014. Revenue fell to $122.6 million versus $257.7 million a year ago. These are challenging times for offshore drillers as the oil prices […]

  • 27 January 2016
    Business & Finance, Exploration & Production

    Byron Energy, the operator of several blocks in the Gulf of Mexico, has cancelled a contract with Hercules Offshore for one of its rigs, and swapped it for another one.  The U.S. offshore drilling contractor Hercules Offshore informed on Tuesday in its latest fleet status report that Byron cancelled a contract it had for the jack-up […]

  • 12 July 2016
    Exploration & Production

    Hercules Offshore, a struggling U.S. offshore drilling contractor, has sold a jack-up drilling rig to an undisclosed buyer. The company on Monday said its subsidiary, Hercules International Drilling Ltd., entered into an agreement to sell the Hercules 267 to an undisclosed buyer for $3.16 million. “The sale is expected to close imminently, subject to the […]

  • 7 April 2016
    Business & Finance, Exploration & Production

    Hercules Offshore has received a notice from Saudi Aramco extending the contract for one of its jack-up drilling rigs operating in Saudi Arabia.  According to the drilling contractor, the contract for the jack-up Hercules 266 was extended until June 30, 2016. Further, the dayrate for the Hercules 266 will remain at $63,650 per day through […]

  • 3 May 2016
    Exploration & Production

    Offshore driller Hercules Offshore, which in November last year emerged from Chapter 11 bankruptcy, has been given a deadline by Sembcorp Marine’s Jurong Shipyard in Singapore to take delivery and pay for the jack-up rig the shipyard is building for Hercules.  The newbuild jack-up rig Hercules Highlander is scheduled to work on Maersk Oil’s Culzean field in […]

  • 2 June 2015
    Business & Finance, Exploration & Production

    After Hercules Offshore yesterday said that Saudi Aramco would slash the dayrates for three Hercules Offshore’s jack-up rigs, the company’s has issued a separate statement providing more details. The Saudi Arabian oil company yesterday withdrew its previously issued contract termination for Hercules 261 jack-up rig, but in turn decided to significantly reduce the rig dayrates for Hercules […]

  • 26 August 2015
    Business & Finance, Exploration & Production

    Hercules Offshore, an offshore drilling contractor, has been awarded a 20-day contract with Italian oil company Eni in the Gulf of Mexico.  Hercules’ 1979-built jack-up rig of a Bethlehem JU-200-MC design, the Hercules 205, received a contract from Eni with a $59,000-61,000 dayrate. According to Hercules’ latest fleet status report, the contract start date was August […]

  • 6 April 2017
    Business & Finance, Exploration & Production

    Offshore drilling contractor Vantage Drilling has acquired the Hercules 260 jack-up rig from the bankrupt driller Hercules Offshore and has renamed it the Vantage 260.  The driller said on Wednesday that its subsidiary, Vantage Drilling Africa, bought the rig for an undisclosed amount from Hercules’ subsidiary, Hercules International Drilling, Ltd. The jack-up is of a Marathon […]

  • 1 June 2015
    Business & Finance, Exploration & Production

    Hercules Offshore, Inc., a U.S.-based offshore drilling contractor, has received a notice from Saudi Aramco withdrawing the previously issued notice of contract termination for the Hercules 261 jack-up rig.  To remind, Hercules Offshore first received the notice of termination from Saudi Aramco in February 2015 and the termination was supposed to take place in March. Saudi […]